BusinessFinance.com Exposes 10 Creative Business Loan Programs

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BusinessFinance.com has exposed 10 creative ways to obtain business financing in their Business Finance Coach.

Foothill Ranch, California (PRWEB)August 30, 2006

BusinessFinance.com has exposed 10 creative business loan programs in their revised Business Finance Coach. These programs give businesses instant access to cash, so the businesses can grow at a faster rate.

The Business Finance Coach helps businesses build their credit scores by taking business owners through a step-by-step process for obtaining quality business credit scores. The coach helps businesses establish five vendor lines of credit, three business credit cards, and one business loan that report their information to the three major business credit reporting agencies including the Small Business Financial Exchange.

The Business Finance Coach provides access to lending criteria of banks, credit cards, and vendor credit lines that will report the business credit history of those businesses they lend to. More information on the Business Finance Coach can be found at http://www.businessfinancecoach.com.

The 10 unique methods for quick access to business capital include turning a traditional home equity loan into reporting business loan, using purchase orders and account receivables not only to obtain capital but using them to build business credit as well. Some of these programs are credit builders on their own, while others are a means to get the capital businesses must have for business credit building.

“It is important to make sure that your business always pre-qualifies before you apply with any lender from these 10 programs,” says Corey Pierce, CEO of BusinessFinance.com. “Ask the lender for a verbal approval before submitting any loan application.”

The Business Finance Coach shows business owners that there are 20 items that a business must have in place before most lenders even look at the credit scores to approve a loan. These are simple items like making sure the business is listed with 411 directory assistance under the exact business legal name and to verify that their bank account, state filing and EIN number all list the business with the same legal name.

To complement the Business Finance Coach, http://www.BusinessFinance.com features the Internet’s largest Business Funding Directory. The directory lists 4,952 sources of business capital that business owners can search for free and match their capital needs to the approval criteria of those funding sources.